Eiffage : H1 results above forecasts and reassuring outlook for H2
>H1 results beat our forecasts - Eiffage has reported H1 sales of € 6.92bn (we forecast € 6.5bn), down 18.9% of which -19.6% l-f-l. For Q2, all activities were impacted by COVID-19: the contracting activity was down 29.9% (with a more significant impact in France than internationally) whilst concessions were down 38.9% (see details on page 2). For H1, EBIT was down 69% to € 262m but well above our forecast (€ 44m est.). Whilst the EBITDA margin at APRR fell by o...Eiffage is a construction and concessions group. Co.'s operations are organized into five divisions. The Concessions and PPPs division is engaged in construction and operating of infrastructures under concessions and public private partnerships. Through the Construction division, Co. is engaged in building design and construction, property development and building maintenance. Through the Public works division, Co. is engaged in civil engineering, road construction, infrastructure maintenance and material production. The Energy division specializes in electrical contracting and air conditioning. Through the Metal division, Co. is engaged in metallic construction and services to industry.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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